Question
You take a long position in one XYZ July 125 call contract for a premium of $5. You hold the option until the expiration date,
You take a long position in one XYZ July 125 call contract for a premium of $5. You hold the option until the expiration date, when XYZ stock sells for $123 per share. What is your profit on this investment on a per share basis?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
